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country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to cost jobs. i know our next guest will make that ar ument as well. >> lawmakers nearing a deal on the budget. we know today being the 4th, the 13th being the deadline, does it look like we're going to have an agreement? >> it does. modest agreement, two years, $90 billion, raising the budget caps about $45 billion of ee quester relief for defense department, 45% for domestic programs. does not decrease the deficit. offset by additional revenue and budget cuts. they would not be tax increases and not cuts to medicare and social security or agriculture program but much more mundane things like fees and asset sales and cushing federal retirement, all ways in which the congress hopes it can avoid a shutdown in january and get us back into more stable budgeting environment. >> when is a fee a fe
country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to cost jobs. i know our next guest will make that ar ument as well. >> lawmakers nearing a deal on the budget. we know today being the 4th, the 13th being the deadline, does it look like...
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fine, keep the obama care health plans in place. give those as an option for individuals. but we should also give individuals the freedom to choose a plan that doesn't have the mandate of coverages because that is what is driving up the cost. >> it doesn't work. >> it's not going to work anyway. but if you want to set this up as an insurance pool which means you're paying insurance and you're a man and you don't want to have paternity coverage, you've got to pay it too. that's the way it works out. and i'm not arguing whether this should have been done or not, that's the only way it works. >> it's not working out. >> but that's -- what you're talking about is -- >> does anybody believe the cost curve has been bent down? i mean -- >> there are arguments. i'm not picking up the flag and waving with this, but if you have peter orszag or somebody else come in, they will say, yes, it will bend. >> it is also because of what was happening with things like health savings accounts and higher deductible plans, which is really where the movement toward insurance should be. if you wa
fine, keep the obama care health plans in place. give those as an option for individuals. but we should also give individuals the freedom to choose a plan that doesn't have the mandate of coverages because that is what is driving up the cost. >> it doesn't work. >> it's not going to work anyway. but if you want to set this up as an insurance pool which means you're paying insurance and you're a man and you don't want to have paternity coverage, you've got to pay it too. that's the...
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americans across the internet. >> president obama supports a $10.10 on minimum wage. certainly never mind $7.25. any sort of rates for their workers would end up getting passed down to the consumer in the way of higher prices for food. there are no hard numbers on this, but a burger would go anywhere from $3 to $3.50. that's the big debate. how big of a deal is that if the price of a burger goes up 50 cents? a lot of labor experts say it's not that big of a deal because a lot of these fast food workers use about $7 billion in social services a year. if they need less in those social services, you'll pay less into those social services, basically raising the bottom raises the whole. the protests are scheduled to start around 11:30. we'll see how it goes. >> katie, thanks so much. our katie tur. >>> dominick has a special retail story. >> let's check out what's happening with francesco's. you can see there right now, certainly not a good story for those ipo investors. back over to you. >> thanks a lot. i want to turn our attention back to bitcoin. this morning, bank of
americans across the internet. >> president obama supports a $10.10 on minimum wage. certainly never mind $7.25. any sort of rates for their workers would end up getting passed down to the consumer in the way of higher prices for food. there are no hard numbers on this, but a burger would go anywhere from $3 to $3.50. that's the big debate. how big of a deal is that if the price of a burger goes up 50 cents? a lot of labor experts say it's not that big of a deal because a lot of these...
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that's about to keep our "squawk" market watchers very busy. >> clark, it's the gift that keeps on giving the whole year. >> our guest host is ready to play. ken langone is fired up about the economy, obama care and pension plans across the country. >> one year membership in the jelly of the month club. >>> and dealing with unfinished business on capitol hill. steny hoyer making a rare appearance on the "squawk box" set. "squawk box" begins right now. >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernan and andrew ross sorkin. nearly 100,000 mourners flooding the soccer stadium today for nelson mandela memorial. dignitaries and world leaders are speaking, including president obama a few minutes ago. >> he was not a bust made of marble, he was a man of flesh and blood, a son and a husband, a father and a friend. and that's why we learned so much from him and why we can learn from him still. >> a steady rain has been falling, but the crowd has been singing and dancing in celebration of mandela's life. >>> also, in wall street news, the s&p
that's about to keep our "squawk" market watchers very busy. >> clark, it's the gift that keeps on giving the whole year. >> our guest host is ready to play. ken langone is fired up about the economy, obama care and pension plans across the country. >> one year membership in the jelly of the month club. >>> and dealing with unfinished business on capitol hill. steny hoyer making a rare appearance on the "squawk box" set. "squawk box"...
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Dec 2, 2013
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he has immigration, he still has probably future fixes to obama care that they'll have to deal with. to the extent that he can keep that coalition together as long as possible into 2015, it not only helps his legacy but it also helps the democratic brand. >> all right, guys, i want to switch gears to talk about branding and the gop for that matter because the republican efforts to reach out to minorities and enhance their brand hit another snag yesterday. about 10:00 a.m. the republican national committee tweeted a photo of rosa parks marking the 58th anniversary of her refusal to give up her seat on a bus in montgomery, alabama. the caption on that said today we remember rosa parks' bold stand and her role in ending racism. then about three hours later the rnc clarified saying it should have read today we remember rosa parks' bold stand and her role in fighting to end racism. this morning the rnc pointed out to us that their statement released by reince priebus says we remember and honor rosa parks today for the role she played in fighting racism and ending segregation. so, molly, t
he has immigration, he still has probably future fixes to obama care that they'll have to deal with. to the extent that he can keep that coalition together as long as possible into 2015, it not only helps his legacy but it also helps the democratic brand. >> all right, guys, i want to switch gears to talk about branding and the gop for that matter because the republican efforts to reach out to minorities and enhance their brand hit another snag yesterday. about 10:00 a.m. the republican...
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president obama says a month of troubleshooting from experts has improved the site's functionality. >> it's working better now and it's just going to keep on working better over time. >> reporter: the white house claims 50,000 users at a time, and 800,000 per day can now access healthcare.gov. can we verify that? >> like anything else in this world, there is no other outside independent way to evaluate it, although i think they will ultimately show how many people enrolled and the numbers will be transparent and they'll be putting out the report. i think these are good reasons to believe him on this one. >> reporter: ken jacobs has been closely monitoring the affordable care act at berkeley's labor center and feels confident about where things are headed on the front end. success is not just about getting signed up on the website. health plans also need the right consumer information. and on the back end, there have been issues. 834 transaction form is what insurers receive with your enrollment information, your policy information, and other critical details. in some cases, these form
president obama says a month of troubleshooting from experts has improved the site's functionality. >> it's working better now and it's just going to keep on working better over time. >> reporter: the white house claims 50,000 users at a time, and 800,000 per day can now access healthcare.gov. can we verify that? >> like anything else in this world, there is no other outside independent way to evaluate it, although i think they will ultimately show how many people enrolled and...
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what you're saying is national politics play as huge role in our markets and it will keep playing it. if obamacare screws up, that is good for the markets you're saying right? >> absolutely. i also want to say i want to thank president obama because of his ineffective policies why the market is at 16,000. i should be a die-hard left-of-center democrat because of his failed economic policies. if there is no interest like self-interest i should be riding the president massive checks. we have to remember that the administration does not create jobs. they create policies that is conducive to job creation. >> kent, we'll have to end it there. thanks so much. thanks for putting up with my questions. >> no problem. thank you. adam: thank you, charlie. we'll be right back. can reach , but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vaum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i
what you're saying is national politics play as huge role in our markets and it will keep playing it. if obamacare screws up, that is good for the markets you're saying right? >> absolutely. i also want to say i want to thank president obama because of his ineffective policies why the market is at 16,000. i should be a die-hard left-of-center democrat because of his failed economic policies. if there is no interest like self-interest i should be riding the president massive checks. we...
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president obama fought to keep his blackberry when he got to the white house. now another reason he won't be switching to the iphone. >>> plus this -- >> we're going to see our milk prices double. and that means that that price is going to have to be passed on to the consumer. >> shoppers be warned, keeping milk in your fridge may soon cost you double. if congress doesn't get its act together. second hour of "newsroom" starts now. good morning. i'm carol costello. thank you so much for join iing me. gdp came in at 4.63%, much higher than expected but it may not be as strong as some had hoped. good morning. >> good morning, carol. two good economic reports, 2.63% growth in the third quarter driven in large part because companies were stocking their shelves, getting ready for holiday sales. 3.46% is the best we've seen in a year and a half and stronger than people expected. jobless claims report has slowed dramatically. it might have been distorted a little bit by thanksgiving, economists are telling me this morning. it's two upbeat economic reports. why are stoc
president obama fought to keep his blackberry when he got to the white house. now another reason he won't be switching to the iphone. >>> plus this -- >> we're going to see our milk prices double. and that means that that price is going to have to be passed on to the consumer. >> shoppers be warned, keeping milk in your fridge may soon cost you double. if congress doesn't get its act together. second hour of "newsroom" starts now. good morning. i'm carol costello....
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like you can keep your kids on their insurance until they're 26 years old. you can't be discriminated against for preexisting conditions. things like that, they will sell one a day for december 23rd, for the next three weeks. back to you. adam: rich edson, thank you very much. lori: well you remember edward snowden? so after he looked potentially the most sensitive material in u.s. history, well, many people all across the world rushed to insure their mobile security. our next guest, cofounder and ceo of the security app, wicker, develop ad way for millions to encrypt the most private cell phone interactions, all kinds of data. guess what, it is free. welcome to our show. how are you doing? >> hi, lori, thanks for having me away. lori: your motto is halfway between snap chat and snowden. what do you mean by that. >> i don't know if that is our motto but those are two hot markets or tornadoes we're snuck in the -- stuck in the middle of now. snap chat is my competitor. they turned down a 3 billion-dollar offer from facebook. and at the same time, edward snowd
like you can keep your kids on their insurance until they're 26 years old. you can't be discriminated against for preexisting conditions. things like that, they will sell one a day for december 23rd, for the next three weeks. back to you. adam: rich edson, thank you very much. lori: well you remember edward snowden? so after he looked potentially the most sensitive material in u.s. history, well, many people all across the world rushed to insure their mobile security. our next guest, cofounder...
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obama keeps close to her heart and it's very important to her. the actual theme is gather round your family, our traditions, our history. and the blue room true does honor our servicemen and there are stars for our fallen soldiers. there are also these really poignant pictures of children reconnecting with their parents as they return from the military service. >> so meaningful. jackie kennedy, i'm sure there was attention to detail there. >> i love jackie kennedy. our fashion icon. here is the secret, her christmas style was a little messy. it was even happen hazard in their private family photo, which are presidential historians give us access to. and then she liked to decorate with miniature trees and miniature ornaments. she had the first theme, a nutcracker christmas. >> fantastic. we see these photos, so candid, in the moment, celebrating that day with the kids. betty ford? what can you tell us about her? >> she went for a home spun or home made christmas. she was really trying to be frugal. but it backfired. she actually spent more money t
obama keeps close to her heart and it's very important to her. the actual theme is gather round your family, our traditions, our history. and the blue room true does honor our servicemen and there are stars for our fallen soldiers. there are also these really poignant pictures of children reconnecting with their parents as they return from the military service. >> so meaningful. jackie kennedy, i'm sure there was attention to detail there. >> i love jackie kennedy. our fashion icon....
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if i were him keep the job. >> the pony has been let out of the corral worldwide. jenna: that is nice line. we appreciate it. >> good to see you. jenna: jon? jon: how the obama administration's new $1.8 trillion regulatory agenda could impact your paycheck. that is coming up next. >> why are more republicans talking about repairing obamacare rather than repealing? >> also new poll numbers are daunting. and how many cell phones has the nsa tracked? you will be stunned by this number coming up here. >> okay. we'll see you at top of the hour. >> 60 degrees. >> reindeer. he cube farm. the citi thankyou preferred card. now earn 2x the points dining out, with no annual fee. go to citi.com/thankyoucards ♪ [ female announcer ] can you heal a broken heart with a bundt cake? of course you can! even if that heart was broken by zack peterson. bake the world a better place with nestle toll house. ... ... ... ... ... ... [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's heal
if i were him keep the job. >> the pony has been let out of the corral worldwide. jenna: that is nice line. we appreciate it. >> good to see you. jenna: jon? jon: how the obama administration's new $1.8 trillion regulatory agenda could impact your paycheck. that is coming up next. >> why are more republicans talking about repairing obamacare rather than repealing? >> also new poll numbers are daunting. and how many cell phones has the nsa tracked? you will be stunned by...
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he keeps talking, press on with the plan. charles krauthammer said the president is campaigning but all the talk in the world may not make a difference. >> obama thinks that he can repeal reality with rhetoric. i mean, after all, one thing he can really do well is campaign. that's undeniable. he's one of the great campaigners in american history. he twice won the presidency. his trouble is he has a little bit of trouble governing. here he's faced with a management problem, a government problem. he passed a bill that is so complex, the regulations are so complex and contradictory, he's got a website that is not functioning correctly, and he thinks that if he makes the right speeches, he says the right words, somehow it will change perception. but here he runs up against the wall. >> the perception is across the country is that so far it's been a joke and that's why the president yesterday started what will be a three-week push to get people to sign up. one of the problems is when they sign up, they sign up with an insurance co
he keeps talking, press on with the plan. charles krauthammer said the president is campaigning but all the talk in the world may not make a difference. >> obama thinks that he can repeal reality with rhetoric. i mean, after all, one thing he can really do well is campaign. that's undeniable. he's one of the great campaigners in american history. he twice won the presidency. his trouble is he has a little bit of trouble governing. here he's faced with a management problem, a government...
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president obama said the nsa does not listen in on phone calls but outside the borders the president says the nsa is more aggressive. the idea of big brother keeping track of our activity online just not sitting well with these companies. john? >> so alison, here is the thing. i feel like facebook and google know more about me than my wife does. isn't it a little bit hypocritical for some of the companies to talk about privacy issues? >> i think it is a little bit of hypocrisy going on. google and yahoo! collect information. it's the bread and butter of their revenue is to collect our information, so they can put those ads strategically where they want them and here is more proof as to why this speaks of hypocri hypocrisy. last month goingal greed to pay $17 million to settle a lawsuit that it place cookies on computers using apple's safari web browser for a two-year period without getting authorization. google was able to circumvent safari's privacy settings without users knowing or consenting to it. another offender, facebook, facebook collects more data than you can imagine. "cons
president obama said the nsa does not listen in on phone calls but outside the borders the president says the nsa is more aggressive. the idea of big brother keeping track of our activity online just not sitting well with these companies. john? >> so alison, here is the thing. i feel like facebook and google know more about me than my wife does. isn't it a little bit hypocritical for some of the companies to talk about privacy issues? >> i think it is a little bit of hypocrisy going...
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as we learn more details, we'll continue to keep you posted. over to you, steve. >> thank you very much. >>> prescription for america, president obama making his case to a group at the white house youth summit yesterday by comparing obamacare to the civil rights movement. >> haven't been discouraged by how hard it's been because stuff that's worth it is always hard. civil rights movement was hard. giving weapon the right to vote, that was hard. making sure that workers had the right to organize. that was hard. >> is that a fair comparison? let's talk to fox news legal analyst, peter johnson, jr. >> i guess if you think this is about martin luther king or others, it's not about something that's gone crazy, if you think it's not about a tax and spend plan to redistribute wealth in america and you want to make it about discrimination and class and race and gender warfare, then it's about civil rights. so if you want to romanticize something or talk about the struggle, if you want to talk about a crusade against rich people and middle class people
as we learn more details, we'll continue to keep you posted. over to you, steve. >> thank you very much. >>> prescription for america, president obama making his case to a group at the white house youth summit yesterday by comparing obamacare to the civil rights movement. >> haven't been discouraged by how hard it's been because stuff that's worth it is always hard. civil rights movement was hard. giving weapon the right to vote, that was hard. making sure that workers had...
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firefighters were able to keep the flames from jumping to other buildings. there were no reports of any injuries. >>> with the enrollment deadline three weeks away president obama is launching a new push to get americans to sign up for affordable care health coverage. the improved obama care was website was able to handle at least 750,000 visitors monday although they did not say how many actually signed up. >>> there's been another alarming shark attack off of hawaii's coast. a man bitten monday while fishing died from his injuries. mara has more. >> officials say a shark attacked a man on a small island off of the southwest coast of maui. a popular spot for diving and snorkeling. they identified the victim as a 57-year-old from washington. he was kayaking with a friend when he began screaming for help. his friend paddled toward him and found his bleeding severely from his right leg. his friend tried to put a tourniquet on him and reach a boat but he died upon reaching the shore. >>> this is the 8th attack near maui this year. the 13th statewide. prompting
firefighters were able to keep the flames from jumping to other buildings. there were no reports of any injuries. >>> with the enrollment deadline three weeks away president obama is launching a new push to get americans to sign up for affordable care health coverage. the improved obama care was website was able to handle at least 750,000 visitors monday although they did not say how many actually signed up. >>> there's been another alarming shark attack off of hawaii's coast....
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because a lot of them want be out of obama care. dr. ben carson joins us with that. >>> and always dropping a cell phone? check this out. maybe this is the answer. it's an airbag for your cell phone. do you need one of those? ♪ call me, call me any, any time ♪ ♪ call me ♪ you can call me any day or night, call me ♪ [ eeping ] [ male announcer ] you hear that? that's the sound of car insunce companies these days. here a cheap, there a cheap. everywhere a cheap... you get it. so what if instead ofjust a cheachoice, you could make a smart choice? like esurance for example they were born online and built to save people money from the beginning. that's what they've always ne. not just somhing they...cheep about. that's insurance for the modern world. esurance. now backed by allstate. click or call. >>> no matter what you've heard, if you like your doctor or health care plan, you can keep it. >> remember that promise? that's not true. in the state of california they've seen more than 1 million insurance cancellations so far. those t
because a lot of them want be out of obama care. dr. ben carson joins us with that. >>> and always dropping a cell phone? check this out. maybe this is the answer. it's an airbag for your cell phone. do you need one of those? ♪ call me, call me any, any time ♪ ♪ call me ♪ you can call me any day or night, call me ♪ [ eeping ] [ male announcer ] you hear that? that's the sound of car insunce companies these days. here a cheap, there a cheap. everywhere a cheap... you get it....